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How much is a monthly payment on a car?

Looking into buying or refinancing a car? Discover how much a monthly payment is on a car.

Nicholas Hinrichsen - Published: September 19, 2020

Want to know how to find the monthly payment on your car? To get here you're going to need a few pieces of information:

  • You need to know the interest you'll be paying (knowing your credit can help you estimate this here).
  • You need to know the exact price of the car
  • You're going to need to know the taxes, registration, and dealer fees in your area


Once you've got these fields, calculating a car payment can be done easily in our calculator, or through using the formula below: Take a look at our auto loan refinance calculator.

To find your credit - you can use a simple service like Credit Karma or other online credit checks to find your score. Knowing your score can help you best identify the loan interest rate (see our handy Finance Calculator to get the latest rates per credit score). While the car price may be easy to find, you'll need to estimate fees, registration, and taxes. For some states this can be as high as 10% of the total car cost (like California), other states (such as Oregon, Montana) have lower taxes and registration fees. One important question to ask about are "dealer fees" which are often just an additional non-negotiable fee that some dealerships tack on.


Haven't explored refinancing yet?
WithClutch.com is a fully digital platform that lets car owners like you do so from the comfort of their own home. No need to set a foot in a bank or credit union. You can lower your rate or get cash in as little as 20 seconds.

Follow three simple steps to refinance your auto loan, get approved in seconds and save thousands in minutes.

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